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Employment Blog

2017 IRS Standard Mileage Rates Reflect Steady Gasoline Prices

Authored by Mary Ellen Schill
Mary Ellen Schill
Attorney
Wausau Office

Posted on December 13, 2016
Filed under Employment

On December 13, 2016 the IRS issued its standard mileage rates for 2017.  Details can be found here.  Each year (sometimes more frequently than that in times of price volatility) the IRS announces the standard mileage rates for determining the deductible cost for operating automobiles for various purposes, including business, medical, and charitable purposes.  Employers often base their employee reimbursements on the IRS standard mileage rate, which will go from 54 cents per mile in 2016 to 53.5 cents per mile in 2017.

Please share this information with your payroll department!